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Harris Corporation Awarded $32.7 Million Follow-on Contract by Lockheed Martin for F-35 Joint Strike Fighter Avionics Infrastructure

Dépèche transmise le 3 novembre 2011 par Business Wire

MELBOURNE, Fla.--(BUSINESS WIRE)--Harris Corporation (NYSE:HRS), an international communications and information technology company, has been awarded a $32.7 million follow-on production contract from Lockheed Martin to supply avionics infrastructure components for the U.S. Department of Defense F-35 Lightning II fighter aircraft. This Low Rate Initial Production contract brings the total value of the program for Harris to more than $500 million since 2001.

“The infrastructure and electronics we are providing are critical to providing more efficient, affordable and higher-capacity avionics capabilities than ever before.”

Harris is providing Lockheed Martin with next-generation avionics infrastructure components that house the radar and Integrated Core Processor (ICP) electronics on the F35. These are installed during F-35 assembly operations in Ft. Worth, Texas. Harris also provides state-of-the-art power distribution products and fiber-optic network solutions that are integrated throughout the aircraft avionics subsystems.

This latest contract covers production of up to 32 additional aircraft. More than 90 low-rate initial production aircraft are under contract to date, and plans call for production of more than 3,000 aircraft over the life of the F-35 program. The F-35 is a highly lethal, survivable weapon system that will serve as a cornerstone of future defense capability for the U.S. and its allied partners. It is designed to replace the A-10, the AV-8 Harrier, the F-16 and the F/A-18.

"This follow-on contract reflects the success of our past performance on the F-35 program and our ongoing commitment to meeting its technology leadership and affordability objectives,” said Sheldon Fox, group president, Harris Government Communications Systems. "The infrastructure and electronics we are providing are critical to providing more efficient, affordable and higher-capacity avionics capabilities than ever before."

Harris also provides advanced avionics solutions as a preferred supplier for other major new development aircraft and upgrades such as the U.S. Air Force F-22 Raptor and the U.S. Navy F/A-18E/F Super Hornet.

About Harris Corporation

Harris is an international communications and information technology company serving government and commercial markets in more than 150 countries. Headquartered in Melbourne, Florida, the company has approximately $6 billion of annual revenue and more than 16,000 employees — including nearly 7,000 engineers and scientists. Harris is dedicated to developing best-in-class assured communications® products, systems, and services. Additional information about Harris Corporation is available at www.harris.com

Forward-Looking Statements

This press release contains forward-looking statements that reflect management's current expectations, assumptions and estimates of future performance and economic conditions. Such statements are made in reliance upon the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The company cautions investors that any forward-looking statements are subject to risks and uncertainties that may cause actual results and future trends to differ materially from those matters expressed in or implied by such forward-looking statements. Statements about the expected value of the program to Harris are forward-looking and involve risks and uncertainties. Harris disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.